OPEC sec general says underinvestment could trigger oil market volatility – Reuters

OPEC sec general says underinvestment could trigger oil market volatility – Reuters

DUBAI, May 22 (Reuters) - OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.

He also said the world needs to focus on reducing green house gas emissions rather than replacing one form of energy with another, stressing that major investments were needed in all energy sectors.

"That is the truth that needs to be spoken," Al Ghais told at the Middle East Petroleum and Gas Conference in Dubai.